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Infosys looking at acquisitions in Japan, Europe
By siliconindia
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Monday, 17 November 2008, 20:30 IST
New Delhi: Despite the global economic slowdown, India's second largest IT exporter Infosys Technologies Monday said it was looking at mergers and acquisitions in Europe and Japan as it would "accelerate growth".
"We are looking at acquisitions and have a dedicated team working on it. We do not make an acquisition based on valuation alone, we will invest and acquire in companies which make strategic sense and are able to integrate in that entity properly," Infosys chief executive officer (CEO) and managing director Kris Gopalakrishnan said.
"We had two focus areas to fill a gap in our services like consultancy, business process outsourcing and geography-based acquisitions, typically in Europe and Japan, where with acquisition we can accelerate growth," he added.
He said Infosys wanted to invest in the "right company for the right price".
Gopalakrishnan agreed that the economic situation was challenging and companies working in the non-financial services business were also facing the
